Higher Ed Publisher Gets Backing from Superior, Plymouth
April 17, 2013
Detroit-based PE firm Superior Capital Partners and Ann Arbor, MI-based Plymouth Venture Partners have made a joint investment in XanEdu. Also based in Ann Arbor, XanEdu publishes customized course materials for the higher education market. The company's publications are used by more than 630,000 students at 1,000 institutions and include an e-learning solution, Folio-X, that was launched in December 2010. The new financing will let XanEdu expand the capabilities of its Folio-X platform and accelerate growth initiatives, including new publisher partnerships, content development and custom publishing editorial services.